Thursday, April 3, 2014

Obamacare to cost large employers $4800 or more per employee...

Large employers are looking at up to $186 billion in
Obamacare costs over the next decade, according to a report released
Wednesday.
The American Health Policy Institute, an industry-run group,
estimates direct and indirect Obamacare costs will cost companies with
10,000 or more employees between $151 billion and $186 billion over the
next ten years.
That amounts to$4,800 and $5,900 in additional costs per employee.
The study, authored by former deputy Health and Human Services
Secretary Tevi Troy and the institute’s chief economist Mark Wilson,
found that businesses will have to adjust their services due to the
costs.
“Cost increases in the range of $163 million to $200 million per
large employer over the course of a decade will not be overlooked by
CEOs, CFOs, or Boards of Directors,” the authors conclude. “Employers
have a significant incentive to make fundamental changes to their health
offerings as a result of the ACA.”Keep on reading…